Exchange rate determination set for statutory conversion affecting stamp duty and customs valuation under enabling statutes. The Central Government fixes, effective 1 April 1990, specified foreign exchange conversion rates to be used for calculating stamp duty and for customs valuation, superseding the earlier notification; a Schedule lists, for each listed foreign currency, the amount equivalent to one hundred rupees to be applied for those statutory purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination set for statutory conversion affecting stamp duty and customs valuation under enabling statutes.
The Central Government fixes, effective 1 April 1990, specified foreign exchange conversion rates to be used for calculating stamp duty and for customs valuation, superseding the earlier notification; a Schedule lists, for each listed foreign currency, the amount equivalent to one hundred rupees to be applied for those statutory purposes.
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